As of Thursday close, Affirm Holdings Inc.’s (NASDAQ:AFRM) stock was down -$0.15, moving down -1.04 percent to $14.22. The average number of shares traded per day over the past five days has been 7,092,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.77 fall in that time frame. In the last twenty days, the average volume was 11,894,850, while in the previous 50 days, it was 15,748,028.
Since last month, AFRM stock retreated -19.43%. Shares of the company fell to $14.08 on 08/17/23, the lowest level in the past month. A 52-week high of $38.73 was reached on 02/02/23 after having rallying from a 52-week low of $8.62. Since the beginning of this year, AFRM’s stock price has risen by 47.05% or $4.55, and marked a new high 11 times. However, the stock has declined by -63.28% since its 52-week high.
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AFRM stock investors should be aware that Affirm Holdings Inc. (AFRM) stock had its last reported insider trading activity 44 days ago on Jul 05. GIC Private Ltd, the 10% Owner of the company, disposed of 203,905 shares for $15.42 on Jul 05. It resulted in a $3,144,215 divestment by the insider. Rabois Keith sold 17,286 shares at an average price of $11.15 on Apr 03. The insider now owns 0 shares following the transaction. On Mar 01, Director Rabois Keith sold 17,287 shares at $12.77 apiece. The transaction was valued at $220,673.
Valuation Metrics
The stock’s beta is 3.18. Besides these, the trailing price-to-sales (P/S) ratio of 3.21, the price-to-book (PB) ratio of 1.68.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.88, and the total debt-to-equity ratio was 1.88. In the year ended March 30, EBITDA margin amounted to -39.97%, whereas operating margins totaled -95.30%. Based on annual data, AFRM earned $703.14 million in gross profit and brought in $1.35 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.80%. Return on equity (ROE) for the past 12 months was -37.90%.
In Affirm Holdings Inc.’s quarter-end financial report for March 30, it reported total debt of $1.79 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Affirm Holdings Inc. to report -$0.92 quarterly earnings, the actual figure was -$0.69 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated -$273.44 million in EBITDA. The liabilities of Affirm Holdings Inc. were 5.0 billion at the end of its most recent quarter ended March 30, and its total debt was $4.82 billion. The value of shareholders’ equity is $295.69 million.
Technical Picture
This quick technical analysis looks at Affirm Holdings Inc.’s (AFRM) price momentum. With a historical volatility rate of 34.24%, the RSI 9-day stood at 29.86% on 17 August.
With respect to its five-day moving average, the current Affirm Holdings Inc. price is down by -5.14% percent or -$0.77. At present, AFRM shares trade -16.94% below its 20-day simple moving average and +37.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.11% below its SMA50 and -30.02% below its SMA200.
Stochastic coefficient K was 1.88% and Stochastic coefficient D was 4.67%, while ATR was 0.98. Given the Stochastic reading of 2.47% for the 14-day period, the RSI (14) reading has been calculated as 37.40%. As of today, the MACD Oscillator reading stands at -0.68, while the 14-day reading stands at -1.80.
Analyst Ratings
Affirm Holdings Inc. downgraded its rating on Affirm Holdings Inc. (NASDAQ: AFRM) to an Underweight in a note to investors on July 06, 2023. The analysts firm previously had a Neutral rating on the stock.Affirm Holdings Inc. (AFRM) has been rated Hold by analysts. According to 5 brokerage firms, AFRM is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Affirm Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $14.50, the current consensus forecast for the stock is $6.00 – $24.00. Based on these forecasts, analysts predict Affirm Holdings Inc. (AFRM) will achieve an average price target of $14.74.
